Foreign exchange market. Asian session: the New Zealand dollar dropped against the U.S. dollar despite the weaker-than-expected trade deficit from New Zealand

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

06:00 Germany Gfk Consumer Confidence Survey November 8.4 Revised From 8.3 8.1 8.5

08:30 United Kingdom GDP, q/q (Preliminary) Quarter III +0.9% +0.7% +0.7%

08:30 United Kingdom GDP, y/y (Preliminary) Quarter III +3.2% +3.0% +3.0%

The U.S. dollar traded lower against the most major currencies. The better-than-expected corporate earnings reports of some U.S. companies supported the demand for the greenback.

The New Zealand dollar dropped against the U.S. dollar despite the weaker-than-expected trade deficit from New Zealand. New Zealand' trade deficit widened to NZ$1,350 million in September from NZ$472 million in August. Analysts had expected the trade deficit to rise to NZ$620 million.

Exports dropped at annual rate of 5.3% in September, while imports surged at annual rate of 23.0%.

The Australian dollar traded slightly higher against the U.S. dollar in the absence of any major economic reports from Australia.

Strong U.S. economic data and Wednesday's weak consumer price inflation in New Zealand weighed on the Aussie.

The Japanese yen rose against the U.S. dollar due to increasing demand for safe-haven assets on fears about the spread of the Ebola virus in the U.S. News said that a doctor who had worked in Africa had tested positive for the Ebola virus in New York City.

No major economic reports were released in Japan.

EUR/USD: the currency pair rose to $1.2661

GBP/USD: the currency pair increased to $1.6045

USD/JPY: the currency pair fell to Y107.85

The most important news that are expected (GMT0):

09:00 Eurozone EU Economic Summit

13:00 Belgium Business Climate October -7.2 -7.8

14:00 U.S. New Home Sales September 504 473